The recent adoption of wearable technology has played a major role in increasing patient engagement and easing access to information. Patients are taking a more proactive approach rather than a reactive one, leading to healthcare leaders enhancing their services to be more reliable and transparent. These services are designed to be user-friendly and eliminate any barriers or friction that could drive patients to their competitors. Leaders should strive towards enabling access to medical history and data, enhance the efficiency of their hospital operations and offer a simplified digital journey to retain and increase the number of patients. Studies predict that the market size of patient engagement solutions including, wearables, educational resources, and mobile apps, valued at $13.42 billion in 2021, is expected to reach $74.28 billion by 2030.
Artificial Intelligence and Machine learning are expected to have a significant impact on the healthcare landscape. They can be used to make a more accurate diagnosis, and monitor and treat patients. They also prevent diseases by offering personalizing healthcare for each patient. A study by Residence Research predicts that AI in the healthcare market will grow exponentially from $20.65 billion in 2023 to $187.95 billion in 2030.
Adopting robotics in healthcare is also a new trend that is helping healthcare staff in various areas within hospitals as well as facilitating the moving of individuals, communication, and the delivery of goods to patients in remote areas. Robots have been used to protect medical personnel and patients against the spread of infections. In 2021, the global commercial drone market size was valued at $6.51 billion and is expected to grow to $ 47.38 billion by 2029.
Telehealth systems, enabled by the advances in technology, allowed disabled or elderly patients to contact doctors and clinics directly with more convenience and ease especially for those living in rural or remote areas. Telehealth has vastly improved the quality of healthcare as it provides healthcare providers with a clear overview of the patients. Another trend closely related to telehealth is Cloud Computing and Big Data which enabled specialized surgeons to collaborate in conducting urgent surgeries remotely, thus improving connectedness and the quality of healthcare across the world. The Healthcare Cloud Computing market is expected to soar in the next decade from $26.6 billion to $66.3 billion.